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Mr.

Mr. Shikar wants to invest his savings in an account that pays an interest rate of 9.25% p.a. compounded annually at different ages of his son whose current age is 4 years. Please calculate for him the Future Value of these investments when his son turns 18.

A.

Rs. 21,77,626

B.

Rs. 23,79,057

C.

Rs. 27,97,057

D.

Rs. 33,79,057

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